Liberalizing China's interest rates is a key element of financial
reform, the country's central bank said on Monday, adding that cutting
borrowing costs and lowering the amount of cash banks must keep as reserves do
not equate to quantitative easing.
The comments come after the central bank cut interest rates on Friday for the
sixth time in less than a year, and again lowered the reserve requirement ratio
(RRR) for banks in a bid to jump start growth in China's stuttering economy.
Lowering interest rates and cutting RRR are "normal monetary policy"
practice, the bank said in a statement published on its website on Monday.
The PBOC cut the one-year
benchmarkbank lending rate by 25 basis points to 4.35 percent while the
one-year benchmark deposit rate was lowered by 25 basis points to 1.50 percent.
The RRR was cut by 50 basis points for all banks, taking the ratio to 17.5
percent for the biggest lenders.

21 October 2015

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www.capitalheight.com/about.php or Call at 0731-6615050, 9993066624.================================================Today in Intraday Market the Sensex is up 110.10 pointsor
0.4 percent at 27416.93 and the Nifty gains 23.45 points or 0.3 percent at
8285.10. About 1313 shares have advanced, 808 shares declined, and 125 shares
are unchanged. Bharti Airtel, Vedanta, Hindalco, Reliance and ONGC are top
gainers while Dr Reddy's Labs, Sun Pharma, L&T, Maruti and GAIL. Oil prices fell after data from an industry group showed a larger-than-expected
build in US crude inventories last week, fanning worries over global
oversupply, even as a slightly weaker dollar provided some support. IT services
provider Mphasis' September quarter consolidated net profit grew by 18.4
percent sequentially to Rs 185 crore, boosted by operational numbers. Bharti Airtel, Reliance, Axis Bank, Hero Motocorp and Vedanta are top gainers
while Dr Reddy's Labs, Sun Pharma, GAIL, HDFC and M&M are among losers in
the Sensex. Dr Reddy's Labs topped selling list on Sensex, down 2 percent
followed by Sun Pharma, Lupin, HDFC, L&T, Maruti and BHEL with marginal
losses. Reliance Industries, Bharti Airtel and Vedanta rallied 1-1.8 percent.
Infosys, HDFC Bank (ahead of earnings), Axis Bank, TCS, ITC and ONGC gained
0.3-0.9 percent.

20 October 2015

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The Indian Share market continued to be volatile in
afternoon trade. The Sensex declined 36.48 points to 27328.44 and the Nifty
fell 11.65 points to 8263.40 while broader markets outperformed benchmarks. The
BSE Midcap and Smallcap indices gained 0.5 percent and 0.2 percent,
respectively. Advancing shares outnumbered declining ones by a ratio of
1461:1165 on the BSE. Bajaj Finance surged more than 5 percent after reporting more than 40 percent
year-on-year growth in profit and net interest income for July-September
quarter. Equity benchmarks extended losses in last hour of trade. The Sensex
declined 95.82 points to 27269.10 and the Nifty fell 28.95 points to 8246.10.
About 1356 shares have advanced, 1331 shares declined, and 172 shares are
unchanged on the BSE.Tata Motors, NTPC, TCS, Infosys and SBI are top gainers in the Sensex while
Cipla, Vedanta, OnGC, HUL and Hindalco are among losers. Oil prices rebounded
in Asian trade as traders covered short positions after prices fell at least 3
percent in the previous session, but gains were capped by worries about
oversupply and the health of the global economy.

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